Foreign investors withdrew Rs 5,200 crore from Indian equities in April due to tax treaty concerns with Mauritius.
Foreign investors withdrew over Rs 5,200 crore from Indian equities in April due to concerns over updated tax treaty with Mauritius, leading to heightened scrutiny of investments made via the island nation. This comes after a significant net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. The major trigger for FPI selling was the tweak in the tax treaty.
April 21, 2024
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